David MARTINEZ MIERA

David MARTINEZ-MIERA
Contact
Calle Madrid, 126
28903 Getafe (Madrid) Spain
Phone: (34)916249613
Office 6.0.32
Birth date: 02/02/1983
Citizenship: Spanish
Email:[email protected]
Current Position
Assistant Professor, Business Department, Universidad Carlos III de Madrid
Profesor Asociado Banco de España
Education
PhD in Economics, CEMFI and UIMP, Spain, 2009 (Main advisor Rafael Repullo)
Visiting: New York University, USA, Jan - Jun 2008 (advisor Douglas Gale)
Universität Mannheim, Germany, Sep - Dec 2007 (advisor Ernst-Ludwig von Thadden)
MSc in Economics and Finance, CEMFI, Madrid, Spain, 2006.
BA in Business Administration, University of La Rioja, Spain, 2004.
Short-Term Stays
CEMFI, Oct-Dec 2013
Bank of Canada, Sep-Nov 2012
Bank of Canada, Sep-Dec 2011
Boston University, Nov-Dec 2010
Teaching
Banking (Phd Course)
Financial Economics (Master in Business Administration)
Advanced Corporate Finance (Master in Finance)
Financial Management (Undergraduate)
Publications
“Does Competition Reduce the Risk of Bank Failure?” (with Rafael Repullo). Review of Financial
Studies, 23 (2010) pp. 3638-3664
“Consumer Bankruptcy, bank mergers and information” (with J.Allen and H.E. Damar). Review of
Finance, forthcoming
Working Papers
“Banks’ Endogenous systemic risk taking” (with Javier Suarez) (Revised version of “A
Macroeconomic Model of Systemic Risk-taking”. CEPR DP 9134, September 2012)
“Search for Yield” (with Rafael Repullo)
“Comparing Flat and Risk-based Capital Regulation” (with Rafael Repullo)
“The Creditworthiness of the Poor. A model of the Grameen Bank” (with Michal Kowalik). Kansas Fed
RWP 10-11, April 2010.
“Capital Requirements, Competition and Bank Failure”
Referee Activities
American Economic Review, Review of Financial Studies, Review of Finance, Management Science,
Journal of Money Credit and Banking, European Economic Review, Journal of Banking and Finance,
International Journal of Central Banking, Journal of Financial Services Research, Economic Letters,
SERIEs, Economic Bulletin, European Journal of Finance, European Management Review.
Conference Presentations
European Summer Symposium on Financial Markets (Gerzensee, 2015), XIX Foro de Finanzas
(Madrid, 2015), VI Financial Stability Conference, (Tilburg, 2014), European Summer Symposium on
Financial Markets (Gerzensee, 2014), European Winter Finance Summit (Zermatt, 2014), I Barcelona
Summer Forum (Barcelona,2013), II OxFIT Conference (Oxford,2013), XXIX Spanish Finance Forum
(Segovia, 2013) Understanding Macroprudential Regulation (Oslo, 2012), 4th IFABS Conference
(Valencia, 2012), European Summer Symposium on Financial Markets (Gerzensee, 2012), 7th FIRS
Conference (Minneapolis, 2012), Macroprudential Policies, Regulatory Reform and Macroeconomic
Modeling CEPR Meeting (Rome, 2011), II World Finance Conference (Rhodes, 2011), European
Summer Symposium on Financial Markets (Gerzensee, 2011), Financial Institution Behaviours and
Regulations (Ottawa, 2010), European Summer Symposium on Financial Markets (Gerzensee,
2010), XVII Foro de Finanzas (Madrid, 2009), Microfinance and Entrepreneurship in Developing
Countries (Oxford, 2009), European Economic Association Congress (Barcelona, 2009), Royal
Economic Society (London, 2009), Simposio de Análisis Económico (Zaragoza, 2008) European
Economic Association Congress (Milan, 2008), Econometric Society European Meeting (Milan,
2008), 3rd Biannual FIRS Finance Conference (Anchorage, 2008),
Discussions
“Using Elasticies to Derive Optimal Bankruptcy Exemptions” by E. Davila at Structural Reforms in the
wake of recovery: Where do we stand?” BdE-BdF Conference (Madrid, 2015)
“What can we Learn from the Financial Flows of the 2008-2009 Crisis?” by J. Begenau, S. Bigio and
J. Majerovitz at 3rd Barcelona GSE Summer Forum (Barcelona, 2015)
“Are Universal Banks Better Intermediaries” by D. Neuhann and F. Saidi at 8th Swiss Winter
Conference on Financial Intermediation (Lenzerheide, 2015)
“Risky Utilities” by J.C. Rochet and G.Roger at European Winter Finance Summit (Schladming, 2015)
“When Banks Strategically React to Regulation” by E. Schliephake at European Finance Association
(Lugano, 2014)
“Household Risk Management” by A. Rampini and S. Viswanathan at European Summer Symposium
on Financial Markets (Gerzensee, 2014)
“Riders of the Storm” by M. Chavaz at the 3rd WB-BE Research Conference (Madrid, 2014)
“Credit Ratings and Security Design” by J. Josephson and J. Shapiro at the 2nd Barcelona GSE
Summer Forum (Barcelona, 2014)
“Optimal Capital Requirement and Regulatory Power” by Y. Zhao and H. Wu at the 7 th Swiss Winter
Financial Intermediation Conference (Lenzerheide, 2014)
“Debt Maturity and the Liquidity of Secondary Debt Markets” by Max Bruche and A. Segura at XXIX
Spanish Finance Forum (Madrid,2013)
"Regulatory Sanctions and Reputational Damage in Financial Markets" by J. Armour, C Mayer and
A. Polo at the XIV Madrid Finance Workshop (Madrid, 2012)
“Dynamic Macro-prudential Regulation” by F. Malherbe at The Macroeconomics of Financial Stability
(London, 2012)
“Cultural Proximity and Loan Outcomes” by R. Frisman, D. Paravisini and V. Vig at XIII Madrid
Finance Workshop (Madrid, 2012)
“A Theory of Bank Liquidity Requirements) by C Calomiris, F Heider and M Hoerova at Financial
Intermediation and Vulnerabilities (Ottawa, 2012)
“Liquidity Hoarding” by D. Gale and T. Yorulmazer at XII Madrid Finance Workshop (Madrid, 2012)
“Contingent Convertibles: Solving or Seeding the Next Banking Crisis?” by J. Lawrenz and C. Koziol
at European Finance Association (Stockholm, 2011),
“Financial Intermediary Capital” by A. Rampini and S. Viswanathan at European Summer Symposium
on Financial Markets (Gerzensee, 2011)
“Financial Intermediation, Competition, and Risk: A General Equilibrium Exposition” by G. Di Nicolo
and M. Lucchetta at Second Financial Stability Conference (Tilburg, 2010)
“Using cost observation to regulate a manager who has a preference for empire-bulding” by A.
Borges and J. Correia-da-Silva at Jornadas de Economía Industrial (Madrid, 2010)
“Financial Intermediaries and Transaction Costs” by Jos Van Bommel at XVII Foro de Finanzas
(Madrid, 2009)
Summer Schools Attendance
“Company Valuation”, CEMFI, 2006. (A. Almazan)
“Recent Developments in International Finance”, CEMFI, 2006. (L. Servén)
“Advances in Portfolio Management”, CEMFI, 2007. (F. Peñaranda)
“Summer School Corporate Governance”, ECGTN, 2008. (P. Bolton, A. Röell, M. Becht)
“Empirical Strategies”, CEMFI, 2008. (J. Angrist)
“Liquidity, Business Cycles and Public Policy”, CEMFI, 2011. (N. Kiyotaki)
“Macroprudential Regulation of Banks”, CEMFI, 2011. (JC. Rochet)
Honors and Awards
2015-2018
2013-2015
20112011-2013
2006-2010
2007-2008
2004-2006
2005-2006
Research Grant from the Spanish Ministry of Education and Science
Research Grant from Fundacion Ramon Areces
Research Grant from the Bank of Spain “II Programa de Excelencia en Investigación”
“Juan de la Cierva” Grant from the Spanish Ministry of Education and Science
Research Grant from the Spanish Ministry of Education and Science
Early stage researcher of the European Corporate Governance Training Network
(ECGTN).
Caja Madrid scholarship.
CEMFI scholarship.
Languages
Spanish (native), English (very good), French (medium).
Computer Skills
Matlab, Stata.
Fields of interest
Banking, Corporate Finance, Microfinance , Finance
References
Prof. Rafael Repullo
CEMFI
Casado del Alisal 5
28014 Madrid Spain
[email protected]
Prof. Javier Suarez
CEMFI
Casado del Alisal 5
28014 Madrid Spain
[email protected]
Prof. Douglas Gale
Department of Economics
New York University
19 West 4th street, 6th floor
New York, NY 10012 USA
[email protected]
Prof. Ernst-Ludwig Von Thadden
Department of Economics
Universität Mannheim
L 7,3-5
D-68131 Mannheim
[email protected]
Revised 01/07/15